Theranos, led by charismatic founder Elizabeth Holmes, became a billion-dollar startup on the promise of a pinprick blood test that doesn’t work. Walgreens, a retailer suckered into partnering the scam, is suing what’s left of it for $140m.
Walgreens has filed suit against Theranos in Delaware district court, asking for $140 million and alleging a breach of contract.
Walgreens successfully moved to seal the complaint, citing the non-disclosure agreement, so the details of the alleged contractual breach are still unknown. A Walgreens spokesperson confirmed that the company had filed the lawsuit, but declined to add further comment.
Photo: Steve Jurvetson (CC BY 2.0)